Jan 03 2011

Euro Govies Steal From Old People Instead Of Balancing Budgets

Published by at 8:07 am under All General Discussions

This is where the road of liberalism ends

Hungary, Poland, and three other nations take over citizens’ pension money to make up government budget shortfalls.

People’s retirement savings are a convenient source of revenue for governments that don’t want to reduce spending or make privatizations. As most pension schemes in Europe are organised by the state, European ministers of finance have a facilitated access to the savings accumulated there, and it is only logical that they try to get a hold of this money for their own ends.

Emphasis mine. Since when is it ‘logical’ to steal the savings of old people? In the US anyone who tried to pull this stunt should be tried and thrown behind bars. This is why there have to be limits on government. This is why there has to be individual rights that cannot be stolen by bloated and greedy government machine.

This is why the GOP House is so damn important to the survival of our nation.

7 responses so far

7 Responses to “Euro Govies Steal From Old People Instead Of Balancing Budgets”

  1. lurker9876 says:

    US government has been talking about it for many years. And didn’t Obama do that when he took over GM and Chrysler? And some judge chose not to listen to the seniors whose money Obama destroyed?

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  3. WWS says:

    The only people in Europe who will have secure retirement savings will be those who had the foresight to put it all (secretly) in gold bullion and bury it beneath their homes.

    We’re going to do things a little differently here; I don’t think the US government could ever get away with openly confiscating private retirement accounts the way the Euro’s can. But what they *can* do is to simply engineer 10% – 15% inflation per year, which is in effect the same thing in slow motion. Keep that up for 10 years without indexing retirement accounts and they will all be effectively devalued by 70 – 80%.
    (ballpark numbers, of course)

    Been watching commodities? Gold at $1400, Silver at $29, Oil past $90 and pushing towards $100? Those prices are *supposed* to be signs of a strong economy – does it look strong to you? The fact that this is happening now even with unemployment still at sky high levels is all the evidence you need to show that we are already sliding into the abyss.

  4. lurker9876 says:

    Also, without indexing salaries. I am afraid you are right. Should get rid of the Fed…

    Russians laying 200,000 public employees; Cuba laying off 1 million public employees. US government hiring 25,000 employees.

    Muslim attacks against Jews and Christianity increasing.

    Michelle Malkin has a post up about the domestic oil industry dying – more job losses expected.

    I doubt that the unemployment rate will improve in the next two years. Guess we’ll see more Democrats going after the GOP…well, they already are…

  5. ivehadit says:


    And as to the oil industry, imho, it’s just one of many this administration promised to “transform” as in “we are 5 days away from substantially transforming this country”. Remember that video from the campaign? Everyday I hear those words when I watch the news…sickening. This country DID NOT need “transforming”…unless you are a socialist or communist, imho.

  6. Fai Mao says:

    The US government did this long ago. They converted Social Security accounts into a pay as you go system.

    Lots of seniors still think it is like a bank account. It isn’t. That eir money is spent faster than they put it into the system.